The newly launched spot Ethereum and Bitcoin ETFs in Hong Kong have accumulated $300 million in assets under management within just one week, outperforming futures ETFs by 80%.
On May 6th, the trading volume was HKD 60.41 million ($7.72 million), significantly lower than the $1.88 billion trading volume of the Bitcoin spot ETF in the United States. Hong Kong experienced a net outflow of $4.9 million. There are rumors that these ETFs may soon be opened to investors from mainland China, sparking discussions about financial integration in the region. However, Hong Kong’s trading volume still pales in comparison to the United States, with a gap of 268 times.
ETF
China
Ethereum
Bitcoin
Hong Kong
Further reading:
Hong Kong ETFs unable to make up for US selling pressure, with stock prices falling more than 7% on May 2nd
Hong Kong cryptocurrency ETFs have a huge gap in trading volume compared to the United States, with Huaxia Fund having the highest market share.